Pennsylvania · 2025-2026 Regular Session · Bill

SB 1402: An Act amending Title 7 (Banks and Banking) of the Pennsylvania Consolidated Statutes, providing for licensing and regulation of shared equity providers and shared equity agreements; imposing duties on the Department of Banking and Securities; and imposing penalties.

In committee Last action June 26, 2026: Referred to Banking & Insurance

Plain-language summary

SB 1402 is a bill introduced in the Pennsylvania Senate on June 26, 2026. According to its official title, it concerns: An Act amending Title 7 (Banks and Banking) of the Pennsylvania Consolidated Statutes, providing for licensing and regulation of shared equity providers and shared equity agreements; imposing duties on the Department of Banking and Securities; and imposing penalties. Primary sponsor: Nick Pisciottano (Democratic). It lists 8 additional sponsors. Most recent recorded action (June 26, 2026): Referred to Banking & Insurance.

Sponsors

Primary sponsor: Nick Pisciottano (Democratic). 8 co-sponsors.